Regulatory Alerts2025-06-30 | RG-132RG 132 Funds management: Compliance and oversight
The Australian Securities and Investments Commission issued RG 132 to provide guidance on compliance and oversight obligations for responsible entities, corporate directors of retail and wholesale CCIVs, and Australian passport fund operators. The document also addresses relevant requirements for wholesale scheme operators, IDPS operators, and MDA providers, while noting aspects applicable to oversight bodies such as compliance committees and auditors. These entities must adhere to the specified standards under the Corporations Act and other legal obligations to ensure proper governance and regulatory compliance.
Issued 30 June 2025
This guide is for:
responsible entities of registered managed investment schemes
corporate directors of retail corporate collective investment vehicles (retail CCIVs), and
Australian passport fund operators.
Parts of this guide are also relevant for:
wholesale scheme operators
corporate directors of wholesale corporate collective investment vehicles (wholesale CCIVs)
investor directed portfolio service (IDPS) operators, and
managed discretionary account (MDA) providers.
Aspects of this guide are also relevant to those with oversight responsibilities, including compliance committees, independent oversight entities, compliance plan auditors and annual implementation reviewers.
It gives guidance on the compliance and oversight obligations these entities must meet under the Corporations Act and other legal obligations.
Download RG 132 (PDF 1.6 MB)